SC 13G/A: Schedule filed to report acquisition of beneficial ownership of 5% or more of a class of equity securities by passive investors and certain institutions
Published on February 14, 2014
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
RENAISSANCERE HOLDINGS LTD.
(Name of Issuer)
Common Shares, Par Value $1.00 Per Share
(Title of Class of Securities)
G7496G103
(CUSIP Number)
December 31, 2013
(Date of Event which Requires Filing
of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
o
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Rule 13d-1(b)
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x
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Rule 13d-1(c)
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o
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Rule 13d-1(d)
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*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
Page 1 of 11
CUSIP No. G7496G103
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13G
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Page 2 of 11 Pages
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1
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NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Advisors, L.P.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) o
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||
3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH:
|
5
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SOLE VOTING POWER
0
|
|
6
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SHARED VOTING POWER
9,610 (see Item 4)
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||
7
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SOLE DISPOSITIVE POWER
0
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||
8
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SHARED DISPOSITIVE POWER
9,610 (see Item 4)
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||
9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,610 (see Item 4)
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||
10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
o
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||
11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 0.1% (see Item 4)
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12
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TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTION BEFORE FILLING OUT
Page 2 of 11
CUSIP No. G7496G103
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13G
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Page 3 of 11 Pages
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1
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NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Advisors, Inc.
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||
2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) o
(b) x
|
||
3
|
SEC USE ONLY
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||
4
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
||
NUMBER OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH:
|
5
|
SOLE VOTING POWER
0
|
|
6
|
SHARED VOTING POWER
9,610 (see Item 4)
|
||
7
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SOLE DISPOSITIVE POWER
0
|
||
8
|
SHARED DISPOSITIVE POWER
9,610 (see Item 4)
|
||
9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,610 (see Item 4)
|
||
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
o
|
||
11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 0.1% (see Item 4)
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||
12
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TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTION BEFORE FILLING OUT
Page 3 of 11
CUSIP No. G7496G103
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13G
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Page 4 of 11 Pages
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1
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NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CR Intrinsic Investors, LLC
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||
2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) o
(b) x
|
||
3
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SEC USE ONLY
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||
4
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
||
NUMBER OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH:
|
5
|
SOLE VOTING POWER
0
|
|
6
|
SHARED VOTING POWER
0 (see Item 4)
|
||
7
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SOLE DISPOSITIVE POWER
0
|
||
8
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SHARED DISPOSITIVE POWER
0 (see Item 4)
|
||
9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (see Item 4)
|
||
10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
o
|
||
11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0% (see Item 4)
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||
12
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TYPE OF REPORTING PERSON*
OO
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*SEE INSTRUCTION BEFORE FILLING OUT
Page 4 of 11
CUSIP No. G7496G103
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13G
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Page 5 of 11 Pages
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1
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NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Parameter Capital Management, LLC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) o
(b) x
|
||
3
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SEC USE ONLY
|
||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
||
NUMBER OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH:
|
5
|
SOLE VOTING POWER
0
|
|
6
|
SHARED VOTING POWER
0 (see Item 4)
|
||
7
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SOLE DISPOSITIVE POWER
0
|
||
8
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SHARED DISPOSITIVE POWER
0 (see Item 4)
|
||
9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (see Item 4)
|
||
10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
o
|
||
11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0% (see Item 4)
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||
12
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TYPE OF REPORTING PERSON*
OO
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*SEE INSTRUCTION BEFORE FILLING OUT
Page 5 of 11
CUSIP No. G7496G103
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13G
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Page 6 of 11 Pages
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1
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NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steven A. Cohen
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) o
(b) x
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
United States
|
||
NUMBER OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH:
|
5
|
SOLE VOTING POWER
0
|
|
6
|
SHARED VOTING POWER
9,610 (see Item 4)
|
||
7
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SOLE DISPOSITIVE POWER
0
|
||
8
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SHARED DISPOSITIVE POWER
9,610 (see Item 4)
|
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,610 (see Item 4)
|
||
10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
o
|
||
11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 0.1% (see Item 4)
|
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12
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TYPE OF REPORTING PERSON*
IN
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Page 6 of 11
Item 1(a)
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Name of Issuer:
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RenaissanceRe Holdings Ltd.
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Item 1(b)
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Address of Issuer's Principal Executive Offices:
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Renaissance House, 12 Crow Lane, Pembroke HM 19 Bermuda
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Item 2(a)
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Name of Person Filing:
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This statement is filed by: (i) S.A.C. Capital Advisors, L.P. (“SAC Capital Advisors LP”) with respect to Common Shares, par value $1.00 per share (“Shares”), of the Issuer beneficially owned by S.A.C. MultiQuant Fund, L.P. (“SAC MultiQuant Fund”) and S.A.C. Velocity Fund, LLC (“SAC Velocity Fund”); (ii) S.A.C. Capital Advisors, Inc. (“SAC Capital Advisors Inc.”) with respect to Shares beneficially owned by SAC Capital Advisors LP, SAC MultiQuant Fund and SAC Velocity Fund; (iii) CR Intrinsic Investors, LLC (“CR Intrinsic Investors”) with respect to Shares beneficially owned by CR Intrinsic Investments, LLC (“CR Intrinsic Investments”); (iv) Parameter Capital Management, LLC (“Parameter Management”) with respect to Shares beneficially owned by Parameter Capital Associates, LLC (“Parameter Capital Associates”); and (v) Steven A. Cohen with respect to Shares beneficially owned by SAC Capital Advisors LP, SAC Capital Advisors Inc., SAC MultiQuant Fund, SAC Velocity Fund, CR Intrinsic Investors, CR Intrinsic Investments, Parameter Management and Parameter Capital Associates.
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Item 2(b)
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Address or Principal Business Office:
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The address of the principal business office of (i) SAC Capital Advisors LP, SAC Capital Advisors Inc., CR Intrinsic Investors and Mr. Cohen is 72 Cummings Point Road, Stamford, Connecticut 06902; and (ii) Parameter Management is c/o S.A.C. Capital Advisors, L.P., 72 Cummings Point Road, Stamford, Connecticut 06902.
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Item 2(c)
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Citizenship:
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SAC Capital Advisors LP is a Delaware limited partnership. SAC Capital Advisors Inc. is a Delaware corporation. CR Intrinsic Investors and Parameter Management are Delaware limited liability companies. Mr. Cohen is a United States citizen.
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Item 2(d)
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Title of Class of Securities:
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Common Shares, par value $1.00 per share
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Page 7 of 11
Item 2(e)
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CUSIP Number:
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G7496G103
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Item 3
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Not Applicable
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Item 4
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Ownership:
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The percentages used herein are calculated based upon the Shares of common stock issued and outstanding as of November 4, 2013 as reported on the Issuer's quarterly report on Form 10-Q filed with the Securities and Exchange Commission by the Issuer for the quarterly period ended September 30, 2013.
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As of the close of business on December 31, 2013:
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1. S.A.C. Capital Advisors, L.P.
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(a) Amount beneficially owned: 9,610
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(b) Percent of class: less than 0.1%
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(c)(i) Sole power to vote or direct the vote: -0-
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(ii) Shared power to vote or direct the vote: 9,610
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(iii) Sole power to dispose or direct the disposition: -0-
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(iv) Shared power to dispose or direct the disposition: 9,610
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2. S.A.C. Capital Advisors, Inc.
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(a) Amount beneficially owned: 9,610
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(b) Percent of class: less than 0.1%
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(c)(i) Sole power to vote or direct the vote: -0-
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(ii) Shared power to vote or direct the vote: 9,610
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(iii) Sole power to dispose or direct the disposition: -0-
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(iv) Shared power to dispose or direct the disposition: 9,610
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3. CR Intrinsic Investors, LLC
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(a) Amount beneficially owned: -0-
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(b) Percent of class: 0%
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(c)(i) Sole power to vote or direct the vote: -0-
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(ii) Shared power to vote or direct the vote: -0-
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(iii) Sole power to dispose or direct the disposition: -0-
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(iv) Shared power to dispose or direct the disposition: -0-
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4. Parameter Capital Management, LLC
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(a) Amount beneficially owned: -0-
|
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(b) Percent of class: 0%
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(c)(i) Sole power to vote or direct the vote: -0-
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(ii) Shared power to vote or direct the vote: -0-
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Page 8 of 11
(iii) Sole power to dispose or direct the disposition: -0-
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(iv) Shared power to dispose or direct the disposition: -0-
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5. Steven A. Cohen
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(a) Amount beneficially owned: 9,610
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(b) Percent of class: less than 0.1%
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(c)(i) Sole power to vote or direct the vote: -0-
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(ii) Shared power to vote or direct the vote: 9,610
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(iii) Sole power to dispose or direct the disposition: -0-
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(iv) Shared power to dispose or direct the disposition: 9,610
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SAC Capital Advisors LP, SAC Capital Advisors Inc., CR Intrinsic Investors, Parameter Management and Mr. Cohen own directly no Shares. Pursuant to an investment management agreement, SAC Capital Advisors LP maintains investment and voting power with respect to the securities held by SAC MultiQuant Fund and SAC Velocity Fund. SAC Capital Advisors Inc. is the general partner of SAC Capital Advisors LP. Pursuant to an investment management agreement, CR Intrinsic Investors maintains investment and voting power with respect to the securities held by CR Intrinsic Investments. Pursuant to an investment management agreement, Parameter Management maintains investment and voting power with respect to the securities held by Parameter Capital Associates. Mr. Cohen controls each of SAC Capital Advisors Inc., CR Intrinsic Investors and Parameter Management. As of December 31, 2013, by reason of the provisions of Rule 13d-3 of the Securities Exchange Act of 1934, as amended, each of SAC Capital Advisors LP, SAC Capital Advisors Inc. and Mr. Cohen may be deemed to beneficially own 9,610 Shares (constituting less than 0.1% of the Shares outstanding). Each of SAC Capital Advisors LP, SAC Capital Advisors Inc., CR Intrinsic Investors, Parameter Management and Mr. Cohen disclaims beneficial ownership of any of the securities covered by this statement.
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Item 5
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Ownership of Five Percent or Less of a Class:
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If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. x
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Item 6
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Ownership of More than Five Percent on Behalf of Another Person:
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Not Applicable
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Page 9 of 11
Item 7
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company:
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Not Applicable
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Item 8
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Identification and Classification of Members of the Group:
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Not Applicable
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Item 9
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Notice of Dissolution of Group:
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Not Applicable
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Item 10
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Certification:
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By signing below the signatory certifies that, to the best of his knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
Page 10 of 11
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: February 14, 2014
S.A.C. CAPITAL ADVISORS, L.P.
By: /s/ Peter Nussbaum
Name: Peter Nussbaum
Title: Authorized Person
S.A.C. CAPITAL ADVISORS, INC.
By: /s/ Peter Nussbaum
Name: Peter Nussbaum
Title: Authorized Person
CR INTRINSIC INVESTORS, LLC
By: /s/ Peter Nussbaum
Name: Peter Nussbaum
Title: Authorized Person
PARAMETER CAPITAL MANAGEMENT, LLC
By: /s/ Peter Nussbaum
Name: Peter Nussbaum
Title: Authorized Person
STEVEN A. COHEN
By: /s/ Peter Nussbaum
Name: Peter Nussbaum
Title: Authorized Person
Page 11 of 11